Full Leasing
OPEX Subscription Model
The Concept
You pay a single, recurring monthly or annual fee per asset. This fee includes everything: hardware (OceanLabs), software (3 Sixty VMS, Pulse), cloud analytics (AWS), maintenance, support, and updates. You are essentially renting the entire technology stack.
The Process
Key Terms & Conditions
- Contract Term: Standard term is 36 months. Shorter terms (24 mo) available at a higher monthly rate.
- Security Deposit: A refundable deposit (often 2x monthly fee) is required pre-deployment.
- Installation Fee: A one-time fee covers initial setup and configuration.
- Service Level Agreement (SLA): Guaranteed 99.5% platform uptime and 24/7 support response times.
- Termination: Early termination fees apply. Hardware must be returned in good condition.
- Data Ownership: You retain full ownership of all your operational data.
Hybrid Model
Hardware Purchase + Software Subscription
The Concept
You make a one-time purchase of the OceanLabs hardware but pay a lower, ongoing subscription fee for the software and cloud services (3 Sixty VMS, Pulse analytics, AWS processing, support).
The Process
Key Terms & Conditions
- Hardware Warranty: Typically 24 months for purchased hardware.
- Software Subscription Term: Annual subscription, automatically renews.
- Maintenance: Your team handles basic hardware maintenance. Octologic provides software support and troubleshooting.
- Updates: Software updates are included in the subscription. Hardware upgrades can be purchased separately.
- Termination: The software subscription can be terminated at the end of the annual term. The hardware is yours to keep.